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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 27, 2014
Derivative Instruments and Hedging Activities [Abstract]  
Derivative instruments designated as cash flow hedges reflected in the financial statements
The following table summarizes the location and fair value of the derivative instruments and disaggregates the net derivative assets and liabilities into gross components on a contract-by-contract basis:

 
Asset Derivatives
 
Liability Derivatives
 
   
Fair Value
   
Fair Value
 
(In thousands)
Balance Sheet Location
 
2014
  
2013
 
Balance Sheet Location
 
2014
  
2013
 
Hedging instrument:
              
Commodity contracts - gains
Other current assets
 
$
99
  
$
448
 
Other current liabilities
 
$
15
  
$
340
 
Commodity contracts - losses
Other current assets
  
(4
)
  
(10
)
Other current liabilities
  
(832
)
  
(2,107
)
Foreign currency contracts
Other current assets
  
—
   
836
 
Other current liabilities
  
(81
)
  
—
 
Interest rate swap
Other assets
  
—
   
1,324
 
Other liabilities
  
(927
)
  
—
 
Total derivatives (1)
  
$
95
  
$
2,598
   
$
(1,825
)
 
$
(1,767
)
                   
(1) Does not include the impact of cash collateral provided to counterparties.
 
                   
Schedule of fair value hedges
The following tables summarize the effects of derivative instruments on the Consolidated Statements of Income:

(In thousands)
Location
 
2014
  
2013
 
Fair value hedges:
       
Gain on commodity contracts (qualifying)
Cost of goods sold
 
$
6,783
  
$
5,115
 
Loss on hedged item - Inventory
Cost of goods sold
  
(5,958
)
  
(4,827
)

Undesignated derivatives:
         
Gain (loss) on commodity contracts (nonqualifying)
Cost of goods sold
 
$
1,466
  
$
(611
)
Summary of activities related to derivative instruments classified as cash flow hedges
The following tables summarize amounts recognized in and reclassified from AOCI during the period:

            
  
Year Ended December 27, 2014
  
(In thousands)
 
(Loss) Gain Recognized in AOCI (Effective Portion), Net of Tax
  
Classification Gains (Losses)
  
Loss (Gain) Reclassified from AOCI (Effective Portion), Net of Tax
  
Cash flow hedges:
           
Commodity contracts
 
$
(1,088
)
 
Cost of goods sold
 $
267
 
Foreign currency contracts
  
(275
)
 
Depreciation expense
  —
 
Interest rate swap
  
(1,435
)
 
Interest expense
  —
 

         
  
Year Ended December 28, 2013
  
(In thousands)
 
(Loss) Gain Recognized in AOCI (Effective Portion), Net of Tax
  
Classification Gains (Losses)
  Loss (Gain) Reclassified from AOCI (Effective Portion), Net of Tax  
Cash flow hedges:
           
Commodity contracts
 
$
(3,337
)
 
Cost of goods sold
$3,781
 
Foreign currency contracts
  
401
  
Depreciation expense
  
34
 
Interest rate swap
  
834
  
Interest expense
  —